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120 N Warren 15,000 SF 50% Leased Office Building Trenton, NJ 08608 $1,150,000 ($76.67/SF) 4.05% Cap Rate
Investment Highlights
- Historic tax credit, adaptive, re-use.
Executive Summary
Change of use opportunity with tons of redevelopment opportunity. Office space in the first floor and finished basement currently leased to an environmental services company. Eligible for NJEDA historic property incentives in which 60-85% of development cost an be covered by tax credit incentives when combined with federal historic tax credits.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Office
Building Size
15,000 SF
Building Class
C
Year Built
1911
Price
$1,150,000
Price Per SF
$76.67
Cap Rate
4.05%
NOI
$46,575
Percent Leased
50%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
3,750 SF
Building FAR
2.93
Lot Size
0.12 AC
Opportunity Zone
Yes
Zoning
HIST
Parking
20 Spaces (1.33 Spaces per 1,000 SF Leased)
Amenities
- Smoke Detector
1 1
Walk Score®
Walker's Paradise (90)
Property Taxes
| Parcel Number | 11-00401-0000-00033 | Improvements Assessment | $174,300 |
| Land Assessment | $225,700 | Total Assessment | $400,000 |
Property Taxes
Parcel Number
11-00401-0000-00033
Land Assessment
$225,700
Improvements Assessment
$174,300
Total Assessment
$400,000
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Presented by
Pott Real Estate LLC
120 N Warren
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